Research On The Expected Financial Impact Of The New Lease Standard On HN Airlines From The Perspective Of The Lessee

On December 7,2018,the Ministry of Finance of China issued the "Accounting Standards for Business Enterprises No.21-Leases",which is basically consistent with the new international leasing standards issued on January 13,2016-IFRS16,namely The lessee's accounting cancels the distinction between operating leases and financial leases and realizes "two leases in one".The promulgation of the new standard allows assets and liabilities related to operating leases that were previously out of financial statements to enter the balance sheet,thereby curbing off-balance sheet financing by enterprises using operating lease transactions.As one of the "large households" of leasing transactions in the entire industry,airlines have a strong necessity and urgency to analyze the impact they may receive after implementing the new leasing standards and propose corresponding response strategies.This article focuses on the lessee's perspective and adopts a case study method to first sort out the relevant contents of the old and new leasing standards.Then,taking HN Airlines as the research object,the company's aircraft hire purchase situation and the motivation of aircraft hire purchase are detailed.On the basis of the analysis,it further analyzes the expected financial impact of the change in leasing standards on HN Airlines.After analysis,it was found that the implementation of the new leasing standard will increase the book value of HN Airlines 'assets and liabilities.At the same time,more and less expenses will make profits less and more,but it will not affect the overall cash flow statement,but the cash flow structure change.In addition,the implementation of the new leasing standards will adversely affect the financial performance of HN Airlines,increasing the difficulty of corporate debt financing,and prompting HN Airlines to restore the operating lease business that was essentially financial leasing to financial leasing.In addition,the implementation of the new leasing standards will also have a negative impact on HN Airlines' performance evaluation results.Based on the above analysis results,in order to cope with the changes in the leasing standards,this article puts forward corresponding countermeasures and suggestions for HN Airlines from three aspects: financing,fleet construction and internal management.This article analyzes the new leasing standard and analyzes the impact of the implementation of the new leasing standard on HN Airlines,and then puts forwardcorresponding countermeasures and suggestions.This not only enriches the sample case studies of the new leasing standards,but also helps to provide ideas for analyzing the impact of other airlines or other industries due to the implementation of the new leasing standards.